Bankrupt Atari Wins Approval To Dump Assets Bit By Bit

Law360, New York (June 13, 2013, 5:29 PM EDT) -- A New York bankruptcy judge on Wednesday approved Atari’s plan to sell off its assets piece by piece by the end of July, a plan Atari says represents the best opportunity to maximize asset value for the benefit of all stakeholders.

In May, the U.S. branch of French holding firm Atari SA requested approval of its plan to sell off its assets piece by piece, after it failed to garner acceptable offers from potential stalking horse buyers to bid on the game maker’s entire business....
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